June 3rd, 2014, Dublin, Ireland – Fenergo, a leading provider of Client Lifecycle Management solutions for investment banks and capital market firms, has today announced that BMO Capital Markets has selected its award-winning flagship solution for a regulatory and tax compliant client onboarding process.

Fenergo’s Regulatory Onboarding solution enables companies to meet increasingly complex regulatory frameworks with an efficient and client-centric onboarding experience that aims to deliver certainty and consistency in every interaction.

Erica Benjamin, Managing Director for Client Onboarding for BMO Capital Markets, said, “Fenergo’s Regulatory Onboarding solution provides us with an additional level of flexibility and enhances our ability to prioritize our compliance initiatives.” Fenergo’s world-class Regulatory Onboarding solution streamlines onboarding, account opening and client maintenance processes. Its sophisticated rules-driven, risk-based regulatory engine supports compliance with global and local regulations such as AML, KYC, Dodd-Frank, FATCA, MiFID II and EMIR based on a few key data inputs. The solution also manages all the client and counterparty data and documentation required to support compliance management.

BMO Capital Markets represents the second Canadian Regulatory Onboarding deal for Fenergo. Commenting on the announcement, Marc Murphy, Fenergo CEO, said, “We are truly delighted to welcome BMO Capital Markets to our growing family of clients. Fenergo offers a deep well of pre-built content and experience in regulatory onboarding and entity data management specifically for capital markets and investment banks. Many clients are choosing to implement Fenergo Regulatory Onboarding by focusing on their biggest pain-point or regulatory challenge first. We’ve invested heavily in the Fenergo platform to provide the enhanced level of flexibility to suit the resources and requirements of financial institutions”.

Fenergo is an award-winning provider of enterprise Client Lifecycle Management platform solutions designed to help financial institutions to manage the end-to-end regulatory onboarding process – from onboarding, to management of client and counterparty data and regulatory compliance with existing and emerging regulations.These solutions simplify and rationalize often complex operational interactions of client lifecycle management by orchestrating onboarding, regulatory compliance and KYC activities across all touch-points within the bank. Fenergo’s accolades include Best Enterprise Data Management from Inside Reference Data (2014), Technology Innovation of the Year Award by the ISA (2013) and Best Customer Onboarding Solution by the Compliance Register (2012). For more information on Fenergo’s Regulatory Onboarding solutions, check out its new animated video illustrating the Regulatory Onboarding process - http://www.youtube.com/watch?v=HWMLXXJU-RY.

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Client Onboarding Lifecycle Management

Fenergo Client Onboarding Lifecycle Management (COLM) is an end-to-end, out-of-the-box solution that enables financial institutions to provide a quick and efficient onboarding process for new and existing clients.